Japan’s Producer Prices Rise at Fastest Pace Since Early 2023
9 Articles
9 Articles
Global Market: Japan wholesale inflation hits over three-year high, reinforcing BOJ rate hike expectations
Japan's wholesale inflation accelerated to its fastest pace in more than three years in June as companies passed on higher input costs driven by the Middle East conflict and a weaker yen. The stronger-than-expected reading has reinforced expectations that the Bank of Japan could raise interest rates again later this year.
In Japan, wholesale prices rose 7.1 percent year-on-year in June, reaching their highest level since March 2023. The increase was driven by oil and non-ferrous metals.
Producer prices in Japan rose 0.4 percent in June compared to the previous month. Compared to the same month last year, prices rose 7.1 percent, after a revised +6.6 percent in May (+6.3), the Bank of Japan reported.
Japan PPI Hits Fastest Pace Since 2023 as Energy, AI Demand Drive Costs Higher - ActionForex
Japan’s producer inflation accelerated more than expected in June, highlighting mounting cost pressures from the Middle East conflict, robust AI-related demand and the persistent weakness of the Yen. Producer Price Index rose 0.4% month-on-month and 7.4% year-on-year, exceeding expectations of 0.3% and 6.8% respectively. Annual producer inflation accelerated from 6.6% in May to its fastest […] The post Japan PPI Hits Fastest Pace Since 2023 as E…
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